How To Set Up A Register of Controllers
In our previous article, we have introduced the registers of registrable controllers with ACRA and its requirements. How do you set up this register of controllers properly? We summarise for you in this article: Identification First, you have to reasonably identify and obtain…
Important Compliance Needed For Singapore Companies
Before you decide to incorporate a company, there are several compliance requirements to take note of for Singapore companies. As a company director, you must ensure that your company is compliant and follows regulatory requirements, failure to do so will subject your company to…
Disposing personal data: what you do not know
In Singapore, the Personal Data Protection Act (PDPA) comes into full effect on 2nd July 2014 with new amendments as recent as November 2020. This act governs the collection, use and disclosure of personal data by all private organisations. Most are aware of the collection and…
Do I have to file corporate tax for YA 2020?
December is usually the time to file corporate tax for business owners. The filing deadline for corporate tax is the 15th of December 2020 for the Year of Assessment 2020 (YA2020). Hard copy filing is no longer available, thus all corporate taxes have to be e-filed. There may be…
The First Board Resolution Explained
The first board resolution is equivalent to an agreement among all owners of the company. Under the Accounting and Corporate Regulatory Authority legislation, it is a requirement for this document to be completed within a month from the date of the company’s incorporation. Where…